17-Unit Multifamily Portfolio with Roof
1517 N STILLMAN STREET, Philadelphia, PA 19121
For Sale
$4,125,000
Four newer buildings combine two-bedroom layouts, shared outdoor space, and contemporary in-unit technology.
Property Size16,026 SF
Price / SF$257.39
Days on Market205
Property Features for 1517 N STILLMAN STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
engineered wood flooring
quartz countertops
stainless steel appliances
built-in surround sound speakers
video doorbell system
smart thermostats
shared fenced-in outdoor area
community roof deck
Building Details
Building Size
Year Built
Buildings
Listing Agency:
KW Empower
Listed By:
Jim Onesti · License PA RS224457L
(484) 429-6769
Source:
Wagnerrealestate
Added: Apr 22
Changed: Nov 12
Last Checked: Nov 11 at 4:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
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Investment Insights
Based on property information with market context.
This 17-unit multifamily offering comprises four buildings constructed in 2021. The mix includes three two-bedroom, one-bathroom apartments and 14 two-bedroom, two-bathroom apartments. Interiors feature engineered wood floors, quartz kitchen counters, stainless steel appliances, built-in surround sound, video doorbells, and smart thermostats. Residents also have access to a fenced common outdoor area and a community roof deck with privacy parapets.
The property is on North Stillman Street in Philadelphia’s Brewerytown neighborhood, near the Girard Avenue commercial corridor with its restaurants, cafes, and shops. Girard Avenue, I-76, I-676, and public transportation provide connections to Center City and surrounding suburbs. Nearby destinations listed include the Philadelphia Museum of Art, Temple and Drexel universities, Eastern State Penitentiary, the Schuylkill River Trail, and Fairmount Park. A nine-year tax abatement period remains.
The property is on North Stillman Street in Philadelphia’s Brewerytown neighborhood, near the Girard Avenue commercial corridor with its restaurants, cafes, and shops. Girard Avenue, I-76, I-676, and public transportation provide connections to Center City and surrounding suburbs. Nearby destinations listed include the Philadelphia Museum of Art, Temple and Drexel universities, Eastern State Penitentiary, the Schuylkill River Trail, and Fairmount Park. A nine-year tax abatement period remains.
Key Highlights
- 17 apartments across four buildings, built in 2021
- Unit mix: 3 two‑bedroom, one‑bathroom apartments and 14 two‑bedroom, two‑bathroom apartments
- Engineered wood floors, quartz counters, stainless steel kitchen appliances, and smart‑home features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$252,081
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,041,620
$5.0M
Cap Rate 7%
$3,601,157
$3.6M
Cap Rate 9%
$2,800,900
$2.8M
Market Conditions
NOI Build-Up for 16,026 SF
Gross rent
$486.5K $30.36/SF
− Vacancy
−$28.2K −$1.76/SF
EGI
$458.3K $28.60/SF
− OpEx
−$206.2K −$12.87/SF
NOI
$252.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,041,620
Cap Rate 7%
$3,601,157
Cap Rate 9%
$2,800,900
Alternative Uses
Best Use
Apartment 5plus
$3.60M
$3.15M – $4.20M
NOI $252,081 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.91M
$3.42M – $4.56M
NOI $273,482 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Lease Details
17
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Philadelphia, PA
Properties on Market for Apartment buildings in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four newer buildings combine two-bedroom layouts, shared outdoor space, and contemporary in-unit technology.
Where is this apartment building located?
The property is located at 1517 N STILLMAN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,125,000.
What are key features of this property?
This property features: 17 apartments across four buildings, built in 2021; Unit mix: 3 two‑bedroom, one‑bathroom apartments and 14 two‑bedroom, two‑bathroom apartments; Engineered wood floors, quartz counters, stainless steel kitchen appliances, and smart‑home features
